and that really nails it playdough. Many holders regardless of sentiment will not exercise their rights.
Aahana will still take up a good dose of shortfall.
Then we can judge things a little better in the months after that.
If Aahana have the right intentions then we should see a re rate in share price late July, August, September. If the market prices in good news in advance you’d expect some action above 10c by September.
Ann: Fully Underwritten Non-Renounceable Entitlement Offer, page-191
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